East Coast Diversified Corporation Announces the Delivery of Oil Tanker Monitoring Solution to Cynox in Nigeria
Fuel Level Sensor Technology to Be Integrated With GPS and RFID to Monitor Oil Theft
(firmenpresse) - ATLANTA, GA -- (Marketwire) -- 01/12/12 -- East Coast Diversified Corporation (OTCBB: ECDC) announced a partner agreement between EarthSearch Communications and Cynox, a top Nigerian technological solutions provider. EarthSearch's cutting-edge Global Positioning Satellite (GPS) and Radio Frequency Identification (RFID) will be coupled with Russian-built level sensor technology to monitor fuel levels in oil tankers.
EarthSearch's integrated RFID/GPS product, in concert with the sensor technology, has the capability to detect the siphoning of oil from the top of the tanker, which proves particularly useful in Nigeria's current political atmosphere. The cancellation of government oil subsidies has led to increasingly serious concerns over oil theft.
"We look forward to the partnership with Cynox and the integration of state-of-the-art sensor technology with our own RFID and GPS," said Kayode Aladesuyi, CEO of ECDC. "To ensure the safe and secure transport of goods, especially those as vital to development as oil, the implementation of technologies such as these is a crucial step in the distribution process."
The level sensor installed in the fuel tanks will monitor for sudden drops in fuel level and the RFID technology will be used to communicate this information with the GPS device. The system can then compare location information with manifest information to detect the theft in progress.
The pilot order has been shipped and the RFID/Sensor technology will be fully deployed soon.
EarthSearch Solutions and technologies are touching lives by changing the way businesses and governments operate or manage assets and security. East Coast Diversified Corporation (OTCBB: ECDC) connects owners and their asset in ways unimaginable just a few years ago. The Company challenges the imagination for desired solutions using GPS, RFID and other sensor technologies. The Company delivers solutions relevant to operations of businesses and governments. East Coast Diversified delivers innovative technology powered by alternative energy sources. The Company believes in and is contributing to the green evolution.
East Coast Diversified's technology provides continuous visibility of assets and cargo in transit, provides the visibility of thousands of kilometers of oil pipeline and other fixed assets, creates education resources for parents and teachers, provides efficiency in dispatching first responders in an emergency, and advances democracy though our ballot box monitoring technology. For more than half a decade now the Company has focused on and continues to innovate in the areas of RFID, GPS, and Sensor and Biometric technologies. East Coast Diversified's customers and partners globally are responding to the Company's innovation and is delivering practical solutions to solve their everyday business issues. For more information on East Coast Diversified Corporation, please visit the company's website at .
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.
KCSA Strategic Communications
Todd Fromer
+1 212.896.1215
Sharron Silvers
+1 212.896.1282
Phil Carlson
+1 212.896.1233
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Datum: 12.01.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 1072327
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